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1 8 1 1 - 1 8 1 5 S . C A T A L I N A A V E , R E D O N D O B E A C HG E N E R A T I O N A L R I V I E R A V I L L A G E T R O P H YP R I M E C O A S T A L C O R R I D O R | O F F E R E D A T $ 3 , 9 0 0 , 0 0 0
JAY HORRELL(310) 729-6441
[email protected]: 00854307
JESSICA HORRELL(310) 993-5630
[email protected]: 01963043
1860 S. Elena Ave. Ste B. Redondo Beach, CA 90277 www.HorrellRealtors.com
In The “Riviera Village”EST. 1964
ADDRESS: 1811-1815 S. Catalina AveRedondo Beach, CA 90277
PRICE: $3,900,000
APN: 7511-016-0217511-016-022
IMPROVEMENTS: 4,710 SF of Street Retail6 Store Fronts (2 Bldgs.)1,770 SF and 2,940 SF
LOT SIZE: Two Lots Totaling 9,013 SF30 x 100 and 60 x 10090 feet of Frontage
REAR BUILT: 1950 and 1957
CONSTRUCTION: One Story Wood FrameStucco and Masonry
PARKING: 12 Spaces
ZONING: C-2-PD Pedestrian OrientedCommercial Zone
UTILITIES: Separate Gas and ElectricCommon Water Meter
ANNUAL GSI: $135,420.00
PROJECTED GSI: $197,820.00
P R O P E R T Y S U M M A R Y
A rare opportunity for an investor or owner user to purchase a generational trophy property in the heart of Riviera Village. First time o�ered for sale by the family of the original owner. The two buildings combined total 4,710 square feet and feature 6 individual east facing store fronts. Situated on two lots totaling 9,013 square feet and located just a short distance from the Pacific Ocean. This property allows an investor to obtain yield growth through rental rate adjustments and property enhancements. All units are separately metered for gas and electricity.
Prime A+ Riviera Village Location with Significant Appreciation Aspects
Substantial Rental Income Upside Potential
Two lots totaling 9,013 square feet with 90 feet of street frontage.
Two Buildings totaling 4,710 sq. ft. and Two Separate APN’s
Once in a Lifetime Generational Trophy Investment
I N V E S T M E N T H I G H L I G H T S
JAY HORRELL(310) 729-6441
[email protected]: 00854307
JESSICA HORRELL(310) 993-5630
[email protected]: 01963043
1860 S. Elena Ave. Ste B. Redondo Beach, CA 90277
1811-1815 S. Catalina AveRedondo Beach, CA 90277
JAY HORRELL(310) 729-6441
[email protected]: 00854307
JESSICA HORRELL(310) 993-5630
[email protected]: 01963043
L O C A T I O N M A P
1860 S. Elena Ave. Ste B. Redondo Beach, CA 90277
JAY HORRELL(310) 729-6441
[email protected]: 00854307
JESSICA HORRELL(310) 993-5630
[email protected]: 01963043
1860 S. Elena Ave. Ste B. Redondo Beach, CA 90277
R E N T R O L L
1 8 1 1 - 1 8 1 5 S . C A T A L I N A A V E , R E D O N D O B E A C H , 9 0 2 7 7
1811-A S. Catalina Ave* 885 SF $2,005 $2.27 $3,100 $3.50 NNN
1811-B S. Catalina Ave 885 SF $2,005 $2.27 $3,100 $3.50 NNN
1813 S. Catalina Ave* 1,170 SF $3,215 $2.75 $4,095 $3.50 NNN
1815-A S. Catalina Ave* 885 SF $2,055 $2.32 $3,100 $3.50 NNN
1815-A S. Catalina Ave*
*Lease expires9/30/18
885 SF $2,005 $2.27 $3,100 $3.50 NNN
ADDRESS APPROX. SF CURRENT RENT CURRENT PER SF MARKET RENT MARKET PER SF
TOTALS 4,170 $11,285 $16,495
Y E A R L Y I N C O M E
$135,420 $197,940SCHEDULED RENT
5.1CAP RATE AT ASKING
CURRENT RENT MARKET RENT
JAY HORRELL(310) 729-6441
[email protected]: 00854307
JESSICA HORRELL(310) 993-5630
[email protected]: 01963043
1860 S. Elena Ave. Ste B. Redondo Beach, CA 90277